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Target bounces back in Q2
MINNEAPOLIS — Target came roaring back in its second quarter from a year-long sales slump amid evidence that its investments in online and store remodels are paying off. The discounter raised its outlook for the year.
Sales rose 1.6% to $16.43 billion in the quarter ended July 29, beating analysts' estimates of $16.30 billion. Same-store sales rose 1.3%, also more than analysts had expected. Comparable digital sales surged 32%.
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Diplomat names new president, reports Q2 earnings
FLINT, Mich. — Diplomat Pharmacy is transitioning into new leadership as it moves into the last half of its fiscal year. Alongside its Q2 earnings report, the company on Monday appointed Joel Saban president, effective Aug. 7, as Paul Urick departs the company to pursue other interests. Urick will stay on as president emeritus during a 90-day transition period.